Suburban Investment Opportunity

The subject premises are an opportunity to secure two freehold suburban retail properties in a popular area with four commercial tenancies in place, being marketed for sale in Waverley, Dunedin located at 142 and 144 Larnach Road.
Each freehold title is positioned on 430m² (more or less) a total of 860m² returning an annual nett income of $56,253 PA plus GST. The premises enjoy access to the rear of the premises, with parking onsite, an engineering assessment has been provided showing the premises at 80% NBS. A fantastic opportunity to secure these premises with future options for further development.

• Popular suburban retail premises available for acquisition on two freehold titles
• Variety of retail tenancies including a takeaway shop, cafe, hair salon and dairy premises
• Returning (nett): $56, 253 PA plus opex plus GST
• Total landholding; 860m² (more or less)
• Well-maintained retail tenancies - built in 1960s - 80% NBS
• Zoning: 2GP, Neighbourhood Centre; Section 18, Commercial and Mixed Use

For full commercial lease details, LIM reports and IEP reports please contact the exclusive agents for a full information memorandum. Vendor is registered for GST.

Deadline Private Treaty closing 4pm, Wednesday 18 September 2024 at our Dunedin office.